Decentralization and the duration of fiscal consolidation. Shifting the burden across layers of government
This paper analyzes the relationship between fiscal decentralization, the duration of fiscal consolidation episodes, and their success for 17OECDcountries between 1978 and 2009. The consolidation of the general government budget appears to be of longer durationwhen expenditure decisions are more decentralized.We also find that transfers from higher levels of government are